Bristow Group to Acquire Berry Aviation, Expanding Government Services Platform
Bristow Group announced a definitive agreement to acquire Berry Aviation for $105 million in cash, a move designed to expand its government services platform and diversify revenue. The transaction is immediately accretive to earnings and free cash flow, adding specialized mission capabilities and long-standing U.S. defense contracts. Concurrent with the acquisition, Bristow revealed plans to exit its Norway Offshore Energy Services business as part of a portfolio optimization strategy.
Key figures
- Deal Value Usd
- 105000000
- Berry 2025 revenue
- $108 million
- Pro forma gov services mix
- 35%
- Pro forma offshore energy mix
- 54%
- Gov services rev berry percent
- 72%
AI analysis
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